quote:Get the corps off their stockpiles of cash, get more money into hands of consumers (instant stimulus), increase tax revenues.

Round 1 = Obama

More lunacy. And it contradicts your first post. Dividends are a method of distributing profits you villify in in your OP.

So all Obama "succeeded" in doing is encourage taking profits in lieu of spending money on GDP growing capital expansion. IOW corps aren't spending money on short-term nor long-term growth. They are giving the "evil" owners more money to avoid the coming tax increases.

Corpos have decided it's better to take $1 in profit today than $3 in three years because of the tax implication. Guess what... we'd get more tax revenue off of taxing the $3 at today's rate than we will taxing the $0 in profit next year with higher tax rates.

If that is "success" we are doomed to an ever declining GDP. Congrats... you voted for it.

re: U.S. Corporate Profits (Posted on 12/3/12 at 2:02 pm to TheHiddenFlask)

c'mon i know you're a smart guy. worker pay is low because there's an increasing disconnect between the skills demanded by high paying jobs and the number of people with those skills, coupled with a high supply of lower skilled workers that drive incomes of lower level positions down. also corporate downsizing flooded the market with highly qualified individuals who took jobs below their pay grade. the domino effect of this hit the lower middle class the worst.

employees with the same skillset generally do not make significantly more money in environments outside the US.

Are we just obligated to defend corporations (if you are a Republican) because Obama is trying to 'stick it to them'?

The talking points of the GOP are idiocy, unbelievable, and selfish:

"Let's reduce the corporate tax to zero." Makes NO sense. Record profits in a slumping economy does not compute...

"Let's extend Bush-era tax cuts for the rich." Why? So they can create 'so-many' jobs for America?

"The deficit is out of control. My children are being robbed of their future." News flash: 15 million children in this country live in poverty. Their is no future for them economically. They suffer physical, mental, and emotional problems. It impairs their ability to learn. They will never do better than a low-wage job.

quote:What conclusion are you trying to draw? You can't really draw much of a conclusion on profits unless you also look at revenue and capital expenditure numbers --which that pathetic "article" didn't do.

Of course corporations are making tons of profit. They aren't investing in capital expenditures. Spend no money means higher profits. It also means a slowing economy in the near term and long term.

this. when you're not spending money investing and expanding you tend to increase profit. big corps are going to sit back and look pretty. its funny, liberals don't understand these policies are making big banks and corporations even bigger while squeezing the small businesses. actually, they probably don't like small businesses either so they probably don't care

quote:"Let's reduce the corporate tax to zero." Makes NO sense. Record profits in a slumping economy does not compute...

i've never heard anyone say reduce their rate to zero.

quote:"Let's extend Bush-era tax cuts for the rich." Why? So they can create 'so-many' jobs for America?

rich people gonna rich, no matter if they're taxed at 40% or 30%. my issue is raising taxes on one group of people when it will do absolutely nothing to balance the budget or strengthen the economy.

quote:"The deficit is out of control. My children are being robbed of their future." News flash: 15 million children in this country live in poverty. Their is no future for them economically. They suffer physical, mental, and emotional problems. It impairs their ability to learn. They will never do better than a low-wage job.

wut? this debt means the possibilty of our children paying 80-100% more in taxes than we do. and you know those kids in poverty, well once inflation kicks in because of this debt there will be 15 million more children in poverty since gas, food, electricity prices will all rise but their parent's paycheck won't.

quote:15 million children in this country live in poverty. Their is no future for them economically. They suffer physical, mental, and emotional problems. It impairs their ability to learn. They will never do better than a low-wage job.

Newsflash: the poorest children in the U.S living in "poverty" have a better standard of living than half the children living outside the U.S. I've worked there and seen those children in Africa and Asia.